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Terms Used In Maryland Code, TRANSPORTATION 8-636

  • County: means a county of the State or Baltimore City. See
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(a) Within 6 months after the end of each county‘s fiscal year, the county shall file with the Administration a complete report of each project constructed during the preceding fiscal year.

(b) The report shall include:

(1) A full audit of the county’s accounts relating to the project; and

(2) An engineering statement that states separately and in detail all costs incurred in the project.